Dumont & Blake Investment Advisors LLC Has $10.42 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Dumont & Blake Investment Advisors LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 1.5% during the 2nd quarter, Holdings Channel reports. The fund owned 76,229 shares of the iPhone maker’s stock after selling 1,140 shares during the period. Apple comprises approximately 3.4% of Dumont & Blake Investment Advisors LLC’s holdings, making the stock its 4th largest position. Dumont & Blake Investment Advisors LLC’s holdings in Apple were worth $10,422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in AAPL. Aaron Wealth Advisors LLC boosted its position in shares of Apple by 30,391.8% in the 1st quarter. Aaron Wealth Advisors LLC now owns 26,075,085 shares of the iPhone maker’s stock worth $149,333,000 after purchasing an additional 25,989,570 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Apple by 31.7% in the 1st quarter. Capital Research Global Investors now owns 38,903,911 shares of the iPhone maker’s stock worth $6,793,041,000 after purchasing an additional 9,354,484 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Apple by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after purchasing an additional 8,734,393 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Apple by 13.1% during the 1st quarter. Swiss National Bank now owns 71,060,708 shares of the iPhone maker’s stock worth $12,407,910,000 after purchasing an additional 8,230,300 shares during the last quarter. Finally, CFS Investment Advisory Services LLC boosted its holdings in shares of Apple by 18,263.5% during the 1st quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock worth $47,000 after purchasing an additional 7,416,445 shares during the last quarter. Institutional investors and hedge funds own 57.72% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Citigroup restated a “buy” rating and set a $175.00 target price on shares of Apple in a report on Tuesday, November 8th. Barclays lowered their target price on Apple from $156.00 to $144.00 and set an “equal weight” rating on the stock in a report on Monday, November 7th. Sanford C. Bernstein set a $170.00 target price on Apple in a report on Monday, September 12th. Robert W. Baird lowered their target price on Apple from $185.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Finally, DA Davidson lowered their target price on Apple from $185.00 to $167.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average price target of $176.26.

Apple Stock Up 1.5 %

Apple stock opened at $150.18 on Wednesday. Apple Inc. has a twelve month low of $129.04 and a twelve month high of $182.94. The stock’s fifty day simple moving average is $146.70 and its 200-day simple moving average is $149.66. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $2.39 trillion, a P/E ratio of 24.58, a P/E/G ratio of 1.93 and a beta of 1.25.

Apple (NASDAQ:AAPLGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.02. Apple had a return on equity of 160.90% and a net margin of 25.31%. The business had revenue of $90.15 billion for the quarter, compared to analyst estimates of $88.77 billion. During the same quarter in the prior year, the company earned $1.24 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. As a group, equities analysts expect that Apple Inc. will post 6.26 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.61%. The ex-dividend date was Friday, November 4th. Apple’s dividend payout ratio (DPR) is presently 15.06%.

Insider Activity at Apple

In related news, CFO Luca Maestri sold 176,299 shares of the stock in a transaction on Friday, October 28th. The stock was sold at an average price of $155.95, for a total value of $27,493,829.05. Following the transaction, the chief financial officer now owns 110,673 shares of the company’s stock, valued at $17,259,454.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Luca Maestri sold 176,299 shares of the stock in a transaction on Friday, October 28th. The stock was sold at an average price of $155.95, for a total value of $27,493,829.05. Following the transaction, the chief financial officer now owns 110,673 shares of the company’s stock, valued at $17,259,454.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Deirdre O’brien sold 8,053 shares of the stock in a transaction on Monday, October 17th. The shares were sold at an average price of $142.45, for a total value of $1,147,149.85. Following the completion of the transaction, the senior vice president now directly owns 136,290 shares in the company, valued at approximately $19,414,510.50. The disclosure for this sale can be found here. Insiders have sold 360,651 shares of company stock valued at $53,703,645 over the last quarter. 0.06% of the stock is owned by insiders.

Apple Company Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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